record profits for Shell+Brit Gas..........

….and Shell is still buying Russian oil

comment by Insert random username (U10647)
posted 56 minutes ago
comment by Ignacio Varga (U11781)
posted 1 minute ago
And the dopey Brits amongst us are having a go at the unions and Mick Lynch for trying to stand up to these cretins
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👍

World is run by gangsters tbf

so they faked that prices rise? dont understand how theyve made that profit if there were paying the claimed price

comment by Ignacio Varga (U11781)
posted 2 hours, 26 minutes ago
And the dopey Brits amongst us are having a go at the unions and Mick Lynch for trying to stand up to these cretins
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this is why a levy on their profits is better than cutting duty.

One takes money from the public purse and they make obscene profits, the other keeps that money and shares in the obscene profits.

comment by Ignacio Varga (U11781)
posted 2 hours, 57 minutes ago
And the dopey Brits amongst us are having a go at the unions and Mick Lynch for trying to stand up to these cretins
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this

comment by Devonshirespur (U6316)
posted 20 minutes ago
this is why a levy on their profits is better than cutting duty.

One takes money from the public purse and they make obscene profits, the other keeps that money and shares in the obscene profits.
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couldnt they just charge the right amount?

Up until Russia’s invasion of Ukraine, the spot price of gas was more than double the price of the forward curve. Any investor with any market nous would have been purchasing the forward curve for well over 2 years now. Buy gas ‘cheap’, stick margin and taxes on it and then sell it to the public on rates based off the spot price. In such a volatile market it’s not a surprise that they are making record profits.

The whole thing is a scam, make the rich richer by bleeding the working/lower class dry. The prices we are paying for our energy is probably more than double of what it was initially purchased for

comment by Taki Minamino (U20650)
posted 7 hours, 2 minutes ago
comment by Devonshirespur (U6316)
posted 20 minutes ago
this is why a levy on their profits is better than cutting duty.

One takes money from the public purse and they make obscene profits, the other keeps that money and shares in the obscene profits.
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couldnt they just charge the right amount?
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Regulating the market would keep the money in consumers pockets, which is likely the best eventuality because the only other way to redistribute it would be through benefits, which carry a huge stigma.

Or possibly a UBI, which is probably where we need to head as a society anyway. But that would be some time away.